How to Buy Binance Coin (BNB) in Bhutan

A Step-by-Step-Guide on how to buy Binance Coin (BNB) in Bhutan

Step 1 – Signup to Kraken

You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and getting your first Bitcoin or Ethereum.

Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Binance Coin (BNB) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you have chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate (BNB) Binance Coin

Once your deposit has been approved, you'll immediately have access to your funds and you can launch invest and trading. To invest in (BNB) Binance Coin on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

To spot Binance Coin (BNB), you'll need to put the shortname of the coin (BNB) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we have highlighted this also. Click on “BNB/BTC” to advance.

Step 4 – Acquisition of Binance Coin (BNB)

After you've located Binance Coin (BNB), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The “Price” field will be filled with the up-to-date tariff (BNB) Binance Coin was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of BNB you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete volumen of BNB.

If you are happy, make a mouse click on “Buy BNB”. Your plan will be filled as soon as a Seller sells their BNB for the price you offered.

Step 5 – Withdraw Binance Coin (BNB)

Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your Binance Coin (BNB), go to the “Funds” tab and click on “Withdraw”. Binance Coin (BNB) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Binance Coin (BNB) by using the provided drop-down box. Enter the volumen of (BNB) Binance Coin you would wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, click “Submit”. You may be asked for email/phone verification before a take off.

Congratulations! You have successfully bought and stored Binance Coin (BNB) in Bhutan.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Binance Coin (BNB) is stored inside your wallet, you are done.